IFM Investors Pty Ltd Raises Position in Crown Castle Inc. $CCI

Key Points

• IFM Investors Pty Ltd increased its stake in Crown Castle Inc. by 4.0%, acquiring an additional 4,215 shares, bringing its total holdings to approximately 110,133 shares valued at $11.31 million.
• Crown Castle recently declared a quarterly dividend of $1.0625 per share, which equates to an annual yield of 4.5%, with the ex-dividend date set for September 15th.
• Despite a decrease in earnings year-over-year, Crown Castle reported a quarterly EPS of $1.02, surpassing analysts' expectations, and expects to achieve 4.140-4.250 EPS for FY 2025.

IFM Investors Pty Ltd grew its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,133 shares of the real estate investment trust's stock after buying an additional 4,215 shares during the period. IFM Investors Pty Ltd's holdings in Crown Castle were worth $11,314,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Iron Horse Wealth Management LLC purchased a new stake in Crown Castle during the first quarter valued at about $26,000. Centerpoint Advisors LLC purchased a new stake in Crown Castle during the first quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Crown Castle during the 1st quarter valued at approximately $26,000. Stone House Investment Management LLC purchased a new stake in shares of Crown Castle during the 1st quarter valued at approximately $27,000. Finally, Rise Advisors LLC purchased a new stake in shares of Crown Castle during the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCI. UBS Group increased their price objective on Crown Castle from $124.00 to $127.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Barclays increased their price target on shares of Crown Castle from $119.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, September 15th. JMP Securities reissued a "market outperform" rating and issued a $125.00 price target on shares of Crown Castle in a report on Thursday, July 24th. BMO Capital Markets raised shares of Crown Castle from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $115.00 to $120.00 in a report on Tuesday, August 19th. Finally, Scotiabank increased their target price on shares of Crown Castle from $109.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.06.

Crown Castle Trading Up 0.6%

Shares of Crown Castle stock traded up $0.59 on Monday, hitting $94.19. 1,814,828 shares of the company traded hands, compared to its average volume of 3,313,306. The firm's 50-day simple moving average is $101.75 and its 200 day simple moving average is $101.47. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $119.56. The company has a market cap of $41.02 billion, a P/E ratio of -8.83, a P/E/G ratio of 0.71 and a beta of 0.92.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company's revenue was down 4.2% compared to the same quarter last year. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th. Crown Castle's dividend payout ratio (DPR) is currently -39.83%.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.